How “the most powerful woman on Wall Street” is working to close the gender wealth gap

A women-run company led by investing titan Sallie Krawcheck, known as “the most powerful woman on Wall Street,” is taking on the ambitious role of narrowing the gender wealth gap.

“There have been two big drivers of wealth in our country: one of which has been real estate, which people of color have been redlined out of, the other of which has been investing,” Krawcheck told CBS News’ Michelle Miller. “And women and people of color have been kept out from that.”

The gender wage gap between men and women in the U.S. has been the subject of debate and countless campaigns for equality, and that wage gap is even steeper for women of color. That wage gap, coupled with women taking more time out of their careers to care for children and investing less than men, means that even women who successfully saved for retirement could find themselves

Read More

Read More

BBVA USA’s Rosilyn Houston once again named one of the Most Powerful Women in Banking by American Banker

– Top 25 Most Powerful Women: Houston records her second year as one of the Most Powerful Women in Banking, fifth consecutive year overall.

– On a mission: Outlet says Houston “is on a mission to help her colleagues save their lives — and maybe other peoples’ lives too”

– Engaged employees: 2019 a banner year for the bank’s engagement index among employees.

BIRMINGHAM, Ala., Sept. 30, 2020 /PRNewswire/ — BBVA USA‘s Senior Executive Vice President and Chief Talent & Culture Executive Rosilyn Houston was named today to American Banker’s Top 25 Most Powerful Women in Banking list, marking the fifth consecutive year she has been recognized by the outlet.

BBVA USA’s Rosilyn Houston named one of the Most Powerful Women in Banking by American Banker
BBVA USA’s Rosilyn Houston named one of the Most Powerful Women in Banking by American Banker

Previously included from 2016 – 2018 as one of its Women to Watch, Houston was advanced in 2019 to its Most Powerful

Read More

Read More

Most Powerful Women in Finance for 2020: Julie Monaco, Citigroup

Global Head, Public Sector Coverage

As the global head of public sector coverage, Julie Monaco oversees a team at Citigroup’s investment bank that provides a robust portfolio of financial services for state-run enterprises in 160 countries. It’s a role in which she works with heads of state, such as the president of Kazakhstan, in an effort to bring foreign investment to their countries, and represents Citi on global councils, such as the World Economic Forum’s Partnership Against Corruption Initiative.

An active member of the Citi Women’s Network and Citi’s Corporate and Investment Bank’s Diversity Committee, Monaco also continues to expand her leadership in matters of workplace equity and inclusion. Late last year at a panel discussion, “The Power of Public-Private Partnerships to Drive Gender Equality” at George Washington University, she called for finding strategies to work together to tackle the problem of gender inequality. “The future of our global economy

Read More

Read More

Most Powerful Women in Finance for 2020: Diane Offereins, Discover Financial Services

President, Payment Services

In an increasingly competitive and technology-driven payments industry, Discover Financial Services continues to gain market share under the leadership of its longtime head of payment services, Diane Offereins. Last year, she presided over a business unit that saw substantial increases in total network volume — from $376 billion to $403 billion — and reached a global merchant acceptance tally of over 48 million locations.

In addition to setting Discover’s strategic direction and company culture, she successfully led the company’s most mission-critical technology initiatives, delivering improved value to customers and internal company stakeholders.

For example, by working closely with Discover’s fintech partners, her team was able to achieve considerable improvements to D-PAS, the company’s secure chip card payments technology, which now leverages on-chip data storage for a variety of nonpayment solutions, such as e-receipts, hotel keys, transit passes and loyalty programs.

Adapting a wider perspective has been a

Read More

Read More